Premier bank accounts

Premier Reward - a premium account that Rewards you

On this page

£200 Switch Offer

About this account

Eligibility criteria

Account features

Existing account holders

Ready to apply

Get our £200 offer when you switch to our Premier Reward account

Apply online or via our mobile app to switch a current account held elsewhere into a NatWest account from 14th February 2023 to receive our offer of £200.
Deposit £1,250 into your account and log into our mobile banking app within 60 days. App eligibility criteria apply.
When you meet these conditions we’ll pay £200 into your eligible account within 7 days.

If you've previously received a switching incentive from NatWest Group, you will not be eligible for this offer. Offer can be withdrawn or amended at any time.

Switch offer T&Cs apply (PDF, 166KB)

Current Account Switch Guarantee (PDF, 39KB)

A Guide to Switching Current Accounts (PDF, 3MB)

Switch here

Earn monthly Rewards plus our Premier Banking service

Eligible for our £200 Switch offer

Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners

Get expert help to make the most of your money and tackle life's unexpected surprises with our Premier Banking service

Stay in control with the NatWest app

Arranged overdraft available (subject to eligibility)

Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Debit

£2 monthly fee

To earn Rewards you need to pay in £1,250 to an eligible NatWest account every month.

What you'll need to open this account

To apply, you need to be 18+ and a UK resident and meet ONE of the following:

Income

Pay a minimum £100k sole income or £120k joint income into a NatWest account

Mortgage borrowings

Have £500k minimum of mortgage borrowings with us

Savings or investments

A minimum of £100k savings or investments held with us

What happens when you switch?

Step 1

We’ll send a request to your old bank to confirm the switch and we’ll keep you updated every step of the way.

Step 2

The account you’re switching from will be closed on your behalf and your balance and payments (like Direct Debits) will be moved to your NatWest account.

Step 3

The switch is complete. Your old bank will make sure that any payments made to your old account are redirected to your NatWest account.

I already have a Premier Reward account

Find out how to set-up and use your account benefits.

About Rewards OpenClose

Earn Rewards

Earn £9 a month back in Rewards for 2 or more Direct Debits – 2 of those Direct Debits need to be at least £4.50 each. Plus, earn an extra £1 a month back in Rewards with 1 mobile app log in.That’s up to £10 a month back in Rewards to spend on whatever you like!

more details on earning Rewards Close

You can also earn 1% back in Rewards when you spent with our retail partners: Caffe Nero, EuropCar, Barrhead Travel, Boux Avenue, P&O Ferries and ATG Tickets.

Your Reward balance can grow quickly, they’re easy to earn and they’re easy to exchange!

Exchange Rewards

Once you reach £5 in Rewards, the choice is yours. Bank it into your NatWest bank account, trade up for gift cards and e-codes with our partner retailers or donate to one of our chosen charities.

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As soon as your available Rewards balance is the equivalent of £5 or more, you can log in to MyRewards to exchange them. Keep in mind, if you choose to bank your Rewards it will take 5 working days to clear.

To login, you first need to set-up your MyRewards account. You'll need your NatWest debit card number on hand.

Discover Premier OpenClose

Help when you need it

With Premier you'll have an expert team available to help with your everyday banking needs, day or night. If you need help with something more complex, we can connect you with the specialists you may need.

Protect what matters

If you need it, you'll also have access to an enhanced level of insurance cover available with Premier Insurance (underwritten by U K Insurance Limited).

Plan for the future

With our Will-writing & Executor Service you could ensure your money and assets are shared according to your wishes in an efficient way, giving you peace of mind. A fee will apply.

The NatWest app OpenClose

The NatWest app

Stay in control of your money with our easy to use the NatWest mobile app.

NatWest app detail Close

App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries.

Log in with your fingerprint on selected Apple and Android devices – it’s simple, secure and fast.
Check your balance on the move – you can also keep track of your Rewards balance.
Easily manage your payments and Direct Debits – keep an eye on your Direct Debits and remind yourself what you’ll be earning Rewards on. Limits apply.
Register your travel plans – reduce the chance of your debit card being blocked while you’re abroad. Criteria apply.

More about the NatWest app

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

Details on how overdrafts work Close

How overdrafts work - details

There are two different types of overdraft:

An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.

We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.

More about Overdrafts

How much will an overdraft cost?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.

Details of overdraft costs Close

How much does my overdraft cost in pounds and pence?

This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool.

As an example, the interest cost of using a £500 arranged overdraft is:

Time Period	7 days	30 days	60 days
Interest Cost	£3.24	£13.87	£28.13

This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.

Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.

If you don't pay it back, it could have an impact on your credit score.

How does our overdraft compare?

A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.

Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.

Open this account online

Apply online

During the application we'll ask for information about you such as your address, job etc. So have these ready.

Upload your ID

At the end of your application we might ask you to provide photo ID and proof of address. We’ll also ask for a short video to compare to your photo ID. We'll then check your details with our security partners HooYu or DigiDocs.

Proof of ID and address we accept

We'll check your details

We'll check we have everything needed to open your account. We'll then give you a welcome call within two working days.

Start using your new account

Your new account is open. Register for Online banking, download our mobile app and enjoy hassle free banking.

Get ready to apply

Before you apply, we need to check you're happy with a few things. And ask you a few questions up front. Then we can make your application as quick and simple as it can be.

First things first. You can apply if you:

Are aged 18+ and a UK resident

Pay in £1,250 each calendar month to any eligible personal current account you have with us.

Do not currently hold 2 Reward accounts

You also need to meet one of the following:

Earn a minimum of £100k sole income or £120k joint income paid into your NatWest account.

Have £500k minimum mortgage borrowing with us.

Have £100k minimum savings or investments held with us.

Now please take a look at the important legal stuff

If you carry on applying, it means you're happy with what's in these documents, including the FSCS information sheet. And happy to view your statements in Online Banking - not posted. Please take some time to review, print and/or save the important information.

Your Current Account Terms (28 pages)

Financial Service Compensation Scheme Sheet (1 page)

Fee Information Document (20 pages)

What You Need To Know (2 pages)

Our Lending Commitments (4 pages)

MyRewards Terms (11 pages)

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

All okay? You’re nearly ready to start.

To speed up your application for our Premier Reward account, we need to do a few final checks with you. They'll only take a minute.

Continue

What would you like to do today?

Open a sole Premier Reward account

Open a joint Premier Reward account

Change my existing NatWest current account to a Premier Reward account

Switch a current account held elsewhere to my existing NatWest current account

Do you have a current account with NatWest?

Yes

Do you know your Online Banking details?

If you log in to Online Banking we can pre-fill some of the application for you.

Yes

You're all set

Depending on what ID we need to see, we may ask you for:

Photo ID, such as driving licence, Passport or EU ID card
Proof of your address, such as a utility bill, bank statement or driving licence

Look out for an email and text after you have applied from our security partners, DigiDocs. It'll have a link to securely upload your documents for us to check.

Please register for Online Banking

To help kick-start your application, we'll need you to register for NatWest Online Banking. If you've forgotten your login details you can re-register via the same process..

You'll need your bank account sort code and account number, and your NatWest Bank debit card if you have one.

The good news is that it normally takes about 5 minutes to register.

You're all set

Your application will be completely online, and you won't need to post us any information or visit a branch.

Tell us a bit about yourself and we’ll set up your account.
Our partner HooYu will then check your identity by matching you to your Photo ID. Your Photo ID must be a Passport, UK or EU/EEA Driving Licence or an EU/EEA National ID card. We might also ask for a valid proof of address. If you don't have your ID to hand you can finish this step later.
Once they’ve confirmed your identity we’ll activate your account.

Here's what to do next

We’ve made a few changes to how we open joint bank accounts.

The button below takes you to a dedicated page explaining exactly what you need to open your account.

As a summary:

You create a joint account by adding the second applicant to an existing account
You can either add the second applicant to an existing account, or if you’d like a completely new account, one of you can open a new account and then add the second applicant once it’s open.

Joint accounts opening

You're all set

During the application, you'll need:

The account number and sort code of the account you want to change

As you're changing your account, the account details and debit card will stay the same. Just to make life easier for you.

If you're a non-UK resident we can only change your account to our Premier Select Account.

You're all set

You’ll need these bits of info handy for your application:

The account number, sort code and debit card number of the bank account you want to switch to NatWest
The account number and sort code of your existing NatWest current account

The Current Account Switch Service will move everything across from your old bank account to your NatWest current account within 7 working days.